Tag: Trump company

Trump’s company approved $420,000 in payments to Cohen, relying on ‘sham’ invoices, prosecutors say

The following article by Carol D. Leonnig and Michelle Ye Hee Lee was posted on the Washington Post website August 21, 2018:

President Trump’s former lawyer Michael Cohen pleaded guilty Aug. 21 to eight violations of banking, tax and campaign finance laws. (Video: Monica Akhtar/Photo: Jabin Botsford/The Washington Post)

President Trump’s real estate company authorized paying $420,000 to lawyer Michael Cohen in his effort to silence women during the presidential campaign and then relied on “sham” invoices from Cohen that concealed the nature of the payments, according to legal filings released Tuesday.

The payments began flowing in February 2017, soon after Trump took office, when Cohen approached Trump Organization executives seeking to be reimbursed for “election-related” expenses, prosecutors said.

That included a $130,000 payment Cohen had made to adult-film star Stormy Daniels so she would remain silent about an alleged affair with Trump, according to the court documents.

View the complete article here.

Tax Plan Crowns a Big Winner: Trump’s Industry

The following article by Patricia Cohen and Jesse Drucker was posted on the New York Times website December 5, 2017:

A real estate investment trust helped rescue a stake held by Kushner Companies in 666 Fifth Avenue in Manhattan. Such trusts would get new advantages under Republican tax legislation. Credit Karsten Moran for The New York Times

After a frenzy of congressional action to rewrite the tax code, salesclerks and chief executives are calculating their gains. Business was treated with the everyone’s-a-winner approach that ensures no summer camper goes home without a trophy.

Some got special prizes. Cruise lines, craft beer and wine producers (even foreign ones), car dealers, private equity, and oil and gas pipeline managers did particularly well. And perhaps the biggest winner is the industry where President Trump and his son-in-law, Jared Kushner, made their millions: commercial real estate.

House and Senate Republicans, in their divergent bills, both offered steeply reduced rates to corporate giants, partnerships and family-owned firms across the board. But when it came time to eliminate special breaks or impose tighter standards, real estate was generally excused from the room. Continue reading “Tax Plan Crowns a Big Winner: Trump’s Industry”

Trump’s company had more contact with Russia during campaign, according to documents turned over to investigators

The following article by Tom Hamburger, Rosalind S. Helderman and Adam Entous was posted on the Washington Post website October 2, 2017:

Michael Cohen, President Trump’s personal attorney leaves Capitol Hill on Sept. 19. Cohen was there to appear privately before the Senate Intelligence Committee. (Susan Walsh/AP)

Associates of President Trump and his company have turned over documents to federal investigators that reveal two previously unreported contacts from Russia during the 2016 campaign, according to people familiar with the matter.

In one case, Trump’s personal attorney and a business associate exchanged emails weeks before the Republican National Convention about the lawyer traveling to an economic conference in Russia that would be attended by top Russian financial and government leaders, including President Vladi­mir Putin, according to people familiar with the correspondence.

In the other case, the same Trump attorney, Michael Cohen, received a proposal in late 2015 for a Moscow residential project from a company founded by a billionaire who once served in the Russian Senate, these people said. The previously unreported inquiry marks the second proposal for a Trump-branded Moscow project that was delivered to the company during the presidential campaign and has since come to light. Continue reading “Trump’s company had more contact with Russia during campaign, according to documents turned over to investigators”